Asian markets are mostly higher after the U.S. benchmark S&P 500 closed at another record high following a report that the U.S. economy grew at a 4.3% annual rate in July to September. Big gains for tech stocks pushed the S&P 500 up 0.5% on Tuesday, even though most stocks in the index fell. The .
Asian markets mostly advanced Wednesday after the benchmark S&P 500 closed at another record high following a report that the U.S. economy grew at an unexpectedly strong 4.3% annual rate in July to September.
The U.S. government’s first estimate of growth for the third quarter showed inflation remained high, while a separate report said consumer confidence faded further in December. The U.S. economy expanded at a 3.8% annual pace in April-June.
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Trading in Asia was thin, with many global markets due to be closed Thursday for Christmas. Markets in the U.S. will end early Wednesday for Christmas Eve and stay closed for Christmas.
Tokyo’s Nikkei 225 was unchanged at 50,411.10 and South Korea’s Kospi slipped 0.1% to 4,113.83.
In Chinese markets, Hong Kong’s Hang Seng gained 0.2% to 25,818.
